South African Income Tax Rates from 2009 to 2015

Individuals - Rates

2008/20092009/20102010/20112011/20122012/20132013/20142014/2015
0 - 122 00018%0 - 132 00018%0 - 140 00018%0 - 150 00018%0 - 160 00018%0 - 165 60018%0 - 174 55018%
122 001 - 195 000R21 960 + 25% of the amount above R122 000132 001 - 210 000R23 760 + 25% of the amount above R132 000140 001 - 221 000R25 200 + 25% of the amount above R140 000150 001 - 235 000R27 000 + 25% of the amount above R150 000160 001 - 250 000R28 800 + 25% of amount above R160 000165 601 - 258 750R29 808 + 25% of amount above R165 600174 551 - 272 700R31 419 + 25% of amount above R174 550
195 001 - 270 000R40 210 + 30% of the amount above R195 000210 001 - 290 000R43 260 + 30% of the amount above R210 000221 001 - 305 000R45 450 + 30% of the amount above R221 000235 001 - 325 000R48 250 + 30% of the amount above R235 000250 001 - 346 000R51 300 + 30% of amount above R250 000258 751 - 358 110R53 096 + 30% of amount above R258 750272 701 - 377 450R55 957 + 30% of amount above R272 700
270 001 - 380 000R62 710 + 35% of the amount above R270 000290 001 - 410 000R67 260 + 35% of the amount above R290 000305 001 - 431 000R70 650 + 35% of the amount above R305 000325 001 - 455 000R75 250 + 35% of the amount above R325 000346 001 - 484 000R80 100 + 35% of amount above R346 000358 111 - 500 940R82 904 + 35% of amount above R358 110377 451 - 528 000R87 382 + 35% of amount above R377 450
380 001 - 490 000R101 210 + 38% of the amount above R380 000410 001 - 525 000R109 260 + 38 % of the amount above R410 000431 001 - 552 000R114 750 + 38 % of the amount above R431 000455 001 - 580 000R120 750 + 38 % of the amount above R455 000484 001 - 617 000R128 400 + 38% of amount above R484 000500 941 - 638 600R132 894 + 38% of amount above R500 940528 001 - 673 100R140 074 + 38% of amount above R528 000
490 001 and aboveR143 010 + 40% of the amount above R490 000525 001 and aboveR152 960 + 40% of the amount above R525 000552 001 and aboveR160 730 + 40% of the amount above R552 000580 001 and aboveR168 250 + 40% of the amount above R580 000617 001 and aboveR178 940 + 40% of amount above R617 000638 601 and aboveR185 205 + 40% of amount above R638 600673 101 and aboveR195 212 + 40% of amount above R673 100

A summary of older individual rates is available in the archive.

Individuals - Rebates

2008/20092009/20102010/20112011/20122012/20132013/20142014/2015
Primary rebateR8 280R9 756R10 260R10 755R11 440R12 080R12 726
Additional age 65 and over rebateR5 040R5 400R5 675R6 012R6 390R6 750R7 110
Additional age 75 and over rebateN/AN/AN/AR2 000R2 1302 2502 367
Tax threshold below age 65R46 000R54 200R57 000R59 750R63 556R67 111R70 700
Tax threshold age 65 - 74R74 000R84 200R88 528R93 150R99 056R104 611R110 200
Tax threshold age 75 and overR74 000R84 200R88 528R104 261R110 889R117 111R123 350

The third rebate was phased out in 1993/4 (see archive for details) and reintroduced at a different age in 2011/12.

Individuals - Interest and Dividends Exemption

2008/20092009/20102010/20112011/20122012/20132013/20142014/2015
Individuals below age 65R19 000R21 000R22 300R22 800R22 800R23 800R23 800
Individuals 65 and overR27 500R30 000R32 000R33 000R33 000R34 500R34 500
Portion that may be offset against foreign dividendsR3 200R3 500R3 700R3 700N/AN/AN/A

Dividends received from domestic companies are generally exempt from income tax. A notable exception is a dividend from a "fixed property company", since such a company may deduct a dividend declared as an expense for tax purposes. Dividends received from foreign companies are generally taxable. A notable exception is a dividend from a JSE Securities Exchange listed company. A participation exemption for dividends from a holding of more than 25% in the equity share capital of a foreign company came into effect for years of assessment commencing on or after 1 June 2004. This would be the 2005/6 year for individuals. For dividends received or accrued on or after 8 November 2005, the participation exemption has been extended to a holding of at least 20 per cent of the total equity share capital with voting rights of at least 20%.

From 1 April 2012 dividends received from domestic companies are subject to a final withholding tax of 15% but will be exempt from normal tax. Only 37.5% of dividends from foreign companies will be included in individuals' taxable income, so the maximum effective rate on these dividends will be 15%.

Corporate

2008/20092009/20102010/20112011/20122012/20132013/20142014/2015
Standard28%28%28%28%28%28%28%
Small Business
 0 - <65 Threshold
<65 Threshold - 300 000
 300 001 and above
0%
10%
28%
0%
10%
28%
0%
10%
28%
0%
10%
28%

N/A

N/A

N/A
Small Business
 0 - <65 Threshold
<65 Threshold - 350 000
 350 001 and above

N/A

N/A

N/A

N/A
0%
7%
28%

N/A

N/A
Small Business
 0 - <65 Threshold
<65 Threshold - 365 000
365 001 -550 000
550 001 and above

N/A

N/A

N/A

N/A

N/A
0%
7%
21%
28%
0%
7%
21%
28%
Personal Service33%33%33%33%28%28%28%
Secondary Tax on Companies 10.0%10.0%10.0%10.0%N/AN/AN/A
Combined Standard
 1:1 Dividend Cover
 3:1 Dividend Cover
34.55%
30.18%
34.55%
30.18%
34.55%
30.18%
34.55%
30.18%
28%
28%
28%
28%
28%
28%

Turnover and shareholding conditions apply in respect of the small business corporation system.

Secondary Tax on Companies (STC) was levied on the distribution of profits by companies. (Close corporations are considered to be companies for tax purposes.) The combined rate of tax on a company is thus dependent on the amount of dividends the company declares. The table above shows the difference between a company declaring all its profits as a dividend and a company that retains two thirds of its profits to fund expansion. As noted above the dividends were then exempt in the hands of shareholders. The table does not deal with gold mines or long-term insurance companies, which are subject to special rates.

The STC base was broadened on 1 October 2007 and the rate reduced to 10%. Following the signature and ratification of certain double taxation agreements, it was converted into a final withholding tax on dividends of 15% on 1 April 2012.

A summary of older corporate rates is available in the archive.

Micro Business Turnover Tax

2009/20102010/20112011/20122012/20132013/20142014/2015
0 - 100 0000%0 - 100 0000%0 - 150 0000%0 - 150 0000%0 - 150 0000%0 - 150 0000%
100 001 - 300 0001% of the amount above R100 000100 001 - 300 0001% of the amount above R100 000150 001 - 300 0001% of the amount above R150 000150 001 - 300 0001% of the amount above R150 000150 001 - 300 0001% of the amount above R150 000150 001 - 300 0001% of the amount above R150 000
300 001 - 500 000R2 000 + 3% of the amount above R300 000300 001 - 500 000R2 000 + 3% of the amount above R300 000300 001 - 500 000R1 500 + 2% of the amount above R300 000300 001 - 500 000R1 500 + 2% of the amount above R300 000300 001 - 500 000R1 500 + 2% of the amount above R300 000300 001 - 500 000R1 500 + 2% of the amount above R300 000
500 001 - 750 000R8 000 + 5% of the amount above R500 000500 001 - 750 000R8 000 + 5% of the amount above R500 000500 001 - 750 000R5 500 + 4% of the amount above R500 000500 001 - 750 000R5 500 + 4% of the amount above R500 000500 001 - 750 000R5 500 + 4% of the amount above R500 000500 001 - 750 000R5 500 + 4% of the amount above R500 000
750 001 and aboveR20 500 + 7% of the amount above R750 000750 001 and aboveR20 500 + 7% of the amount above R750 000750 001 and aboveR15 500 + 6% of the amount above R750 000750 001 and aboveR15 500 + 6% of the amount above R750 000750 001 and aboveR15 500 + 6% of the amount above R750 000750 001 and aboveR15 500 + 6% of the amount above R750 000

Turnover and shareholding conditions apply in respect of the microbusiness turnover tax system.



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